AT&T is launching a $15 TV streaming subscription

AT&T plans to launch a new low-cost video streaming service called AT&T Watch in the next few weeks. The service, was announced by chief executive Randall Stephenson on Thursday when he testified during the AT&T-Time Warner antitrust trial. Stephenson brought up the new product to counter the Justice Department's argument that AT&T continues to raise prices on its traditional DirecTV satellite service.

"Watch" is the latest example of a so-called skinny cable bundle, which costs less than a traditional cable package because it includes fewer channels.

AT&T Wireless subscribers would get the service free, Stephenson said. Designed as a lower-cost alternative to AT&T's $35-per-month DirecTV Now streaming service, AT&T Watch would have a small selection of channels, none of which carry sports, he said.